Details on Cost to Process a Loan; NMLS Stats; More on Reasons and Strategies for Buybacks

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Jun 11, 2012 10:29AM Details on Cost to Process a Loan; NMLS Stats; More on Reasons and Strategies for Buybacks Here in Arizona, at the Arizona Mortgage Lenders Association conference, it is clear that mortgage origination and pricing is a numbers game. Many are focused on how much more manpower it takes to close a loan now. (As a quick note, one question LO's and AE's sometimes ask their lock/pricing desk folks is, "Do you price based on competition, or based on what it actually costs us to produce a loan?") Does it cost more to process and close some loans versus others? STRATMOR just released some information... Jun 11, 2012 3:25PM Mortgage Rates Finish Out Close To Unchanged After Bumpy Start Mortgage Rates held steady to slightly weaker today , though some lenders recalled rate sheets in the afternoon as bond markets improved. That helped the average Best-Execution rate get back near Friday's offerings, which were among the best of the week last week. Over the past two weeks, rates have been operating in a fairly narrow range resting on all-time lows. Today's rates are closer to those lows than most of the other sessions. On Friday, we noted that the gains brought many lenders back into... MBS RECAP: Following The Leader Back Into The Green; The "Roll" Is Tonight Full speed ahead on Basel III; Commentary And Input On Appraisal Issues MBS MID-DAY: Bond Markets Get The Assist From Stocks, Europe FHA Expected to Announce New Bulk Sales Agenda The Week Ahead: Markets Digest Spain Bailout, Treasury Auctions, Econ Data, And More Mortgage Rates Improve Again, Back To Week's Best Levels View: Front Page | Headline Viewer Micro News 2:10 PM: Sideways Themes Breaking Down. MBS Hitting New Highs 1:25 PM: Volume Wanes, Rally Stalls. MBS Still Green, But Off Their Highs 11:42 AM: EU floats worst-case plans for Greek euro exit: sources 10:41 AM: Bond Markets Bounce Back (Again) On Evolving Spain Bailout News 8:43 AM: Bond Markets Bounce Back After Significant Overnight Weakness 4:18 PM: Bank of America to Pay $160K to Settle Maternity Claims 4:17 PM: HUD to Expand Sale of Troubled Mortgages 2:41 PM: Another Technical Break For TSYs Putting More Pressure On MBS »View All Micro News Around the Web US Home Sales to Foreigners Rise as Low Prices Draw Investors Fed Says Family Wealth Plunged 38.8% in 2007-2010 on Home Values Commercial Mortgage Repeat Defaults Poised to Increase, RBS Says House Financial Services: Chairman Bachus Announces Committee Schedule Court Affirms Christie Lacked Power to Abolish Housing Agency FHA's Galante Says Delinquent-Loan Buyers Could Become Landlords »View More Around the Web Video News Big Week for the Banks Is $125 Billion Enough for Spain's Banks? 90 Seconds with Art Cashin: Market Not Impressed with Spanish Bailout? »View More Video News Today's Comments "If there is a "genius" like Alan Greenspan running around 30 years from now trying to convince everyone that "housing values will not go..." "I have to give credit where credit is due, and this program is working remarkably well. Yes, it requires a great deal of effort on the open access side..." "Don--this doesn't surprise you does it? You have written often about the predatory nature of debt dealing in general, but Charlie had an opportunity..." »View More Comments Today's Q&A "I found out the lender doesn't finance loans for flipped homes." "I am asked to carry a 5yr mtg with a balloon payment. I want a cosigner for the 5yr mtg. " "How long can it take to regain possession of your property once foreclosure is started?" »View More Q&A jeffer90576 Profile View Edit Market Data Mortgage Rates 30YR 3.77 0.01 15YR 3.03 0.01 FHA30YR 3.67 0.01 Jumbo30YR 4.07 0.01 5/1ARM 3.03 0.00 MBS Quotes 30YR FNMA 3 105-06 0-09 30YR FNMA 4 106-14 0-04 30YR FNMA 4 107-08 0-04 30YR FNMA 5 108-04 -0-01 Treasuries 2 YR 0.2699 -0.0001 3 YR 0.3602 -0.0078 5 YR 0.6859 -0.0251 7 YR 1.0411 -0.0419 10 YR 1.5860 -0.0460 30 YR 2.7069 -0.0361 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Pending Home -5.54% FHFA Home Price 1.78% Existing Home 3.36% Building Permits -7.02% Housing Starts 2.58% Construction 0.10% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2012 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031